After a slight increase last week, gas prices in western Pennsylvania have gone back down.
According to AAA’s weekly gas price report, prices for a gallon of regular, unleaded, self-serve in the region has decreased by about one cent this week over last.
In Butler County, we’re seeing an average price of $2.29 per gallon.
Gas prices are expected to remain stable as long as the price of crude oil remains low.
This week’s average prices: Western Pennsylvania Average $2.456
Average price during the week of January 14, 2019 $2.469
Average price during the week of January 22, 2018 $2.861
The average price of unleaded self-serve gasoline in various areas:
$2.512 Du Bois
$2.245 New Castle
$2.531 New Kensington
On the National Front
The national gas price average held flat on the week at $2.25, just three cents away from the lowest U.S. average since December 2016. However, as crude oil prices continue to climb, it does not look like pump prices will drop much lower than we’ve seen so far this year.
At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate increased $1.73 to settle at $53.80. Oil prices saw their third consecutive week of increases after the market responded positively to news that the U.S. and China are making progress in resolving their trade dispute. Crude oil has increased by $5/barrel since the beginning of the year, but over-supply of crude in the market and low demand have helped to keep the national average relatively stable. Oil will be a dominant factor towards determining if motorists will see slightly cheaper or more expensive pump prices in coming weeks.
On the week, state gas price averages fluctuated with a handful of southern and mid-western states seeing gas prices increase, though most states saw averages decrease or hold flat. Today’s national gas price average is nine cents cheaper than a month ago and 29 cents less expensive than a year ago.
Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.